Housing costs in Essex?
A typical home costs
$254,300, which is 24.8% less expensive than the national average of
$338,100 and 34.5% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Essex costs
$1,350 per month, which is 16.7% cheaper than the national average of
$1,620 and 14.8% cheaper than the state average of
$1,550.
Can I afford Essex?
To live comfortably in Essex (zip 21221), Maryland, a minimum annual income of
$48,600 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Essex?
The cost of living in 21221 Essex, MD is relatively affordable. According to the Cost of Living Index, it's about 8% lower than the national average. Groceries, transportation, and housing costs are all relatively low compared to other areas of the country. For example, groceries are nearly 15% lower than the national average and transportation costs are 13% lower than the national average. The median home price in 21221 is around $320,000 which is much more affordable than other parts of Maryland and the country despite its proximity to Baltimore and Washington D.C. All in all, 21221 offers a great place to live for those looking for an affordable cost of living without sacrificing quality of life.